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Warning: Insurance Companies Scamming Obamacare Policyholders

Warning: If you have an insurance policy purchased at an Obamacare “exchange” last year and the price is going up you should shop around for a new one. If you just let the plan renew your insurance company might be screwing with you.

Don’t be fooled, prices are not going up much under Obamacare. If you go to the exchanges and shop around you’ll see that.

But if you just let your insurance company renew your existing policy they will scam you with a price increase as much as 20% — even more.

Consumer advocates and Obamacare officials are urging the more than 7 million people who enrolled into health insurance for this year using one of the health insurance exchanges created by the Affordable Care Act to come back and look for a better deal.

… Why bother if you like your health plan? Because there’s a pretty good chance keeping your current policy will squeeze your budget, even though premiums nationwide are rising by a small amount on average.

[. . .] In 48 cities, the cost of the benchmark plan is actually going down next year by 0.2 percent before subsidies, according to data analyzed by the Kaiser Family Foundation.

“Consumers should shop around,” said Marilyn B. Tavenner, administrator of the Centers for Medicare and Medicaid Services, which runs the federal insurance exchange serving three dozen states. “With new options available this year, they’re likely to find a better deal.” She asserted that the data showed that “the Affordable Care Act is working.”

Of course, if they had included a “public option” where you can just buy into Medicare, none of this would be happening. But We the People are not allowed to do that, because capitalism.